My Sheep....How long are you going to be stupid....

8

GENERATION DEBT borrowed $50 TRILLION........$50 Billion doesn't even cover the interest on a servicing that debt for a week......

Heck...Goldman Sachs alone gave its employees BONUSES of OVER $20 Billion......

And you my young sheep are supposed to cheer for $50 Billion being divided amongst the entire population suffering under a debt load that GENERATION DEBT STUCK YOU WITH......THAT IS COSTING OVER $3 TRILLION TO SERVICE EACH YEAR..........

$50 Billion...WTF..........that is about $150 per person when interest costs ALONE are running over 70X that amount.......NOT INCLUDING THE RISING ENTITLEMENT COSTS EITHER for generation debtors either

My sheep...... borrowing tens of thousands of dollars to go to college so you can be a waiter serve Generation Debtors and their children when the go out to eat........maybe they will give you a tip? Or maybe you can become a landscaper and make really big dough.....

In the mean time, if you are lucky enough to be employed.... keep paying into Social Security or a pension plan simply so Generation Debtors can suck it dry before you ever get to see a dime of your money.......even better yet...keep contributing to your 401K and IRA and buy even more debt of Wall Street companies so they can give their executives massive bonuses for OUTSOURCING YOUR JOBS AND FIRING YOUR FRIENDS.....

Or listen to their nonsense about buying one of their homes that they are trying to unload on you....

JUST BECAUSE THEY LIVED IN A GENERATION THAT BANKS KEPT LENDING MORE AND MORE......so they could spend more and more and buy bigger and bigger homes...... DOESN'T MEAN THAT THE BANKERS ARE LETTING YOU BORROW....

NOT A CHANCE.....YOU ARE THE SLAVES TO GENERATION DEBT.......SOMEBODY HAS TO CHANGE THEIR BEDPANS AS THEY GET OLD......

THEY BORROWED YOUR FUTURE AWAY AND NOW THE BANKERS ARE CUTTING YOU OFF OF CREDIT AND JOBS......YOUR FUTURE HAS BEEN OUTSOURCED........

But keep listening to the Fools.....as youth employment is at record lows.....home building is at record lows.....auto sales are crashing........and YOU are being cut off of credit and likely sent off to war to die for Generation Debtors.....

But it's OK...they will teach special needs children

or build houses we don't need

or keep watching their flat screens....after all, it was OUR generation that bankrupted you and now sending you off to fight, and quite possibly die for us, so we can keep trying to live a lifestyle that we can't afford.

CEO's that lay off workers...Of course they earn more. Large companies with large workforces have CEO's that make more money than smaller companies. All companies laid off workers, but the larger companies obviously laid off more workers.

Greece Default Risk is "Substantial"...agreed.

81% rate US economy as poor...loaded poll question. Ask how many think it is getting better.

if we get to unfunded liabilities......the numbers become overwhelming,,,,even for me.

THE ISSUE IS THIS GENERATION IS BEING CUT OFF OF CREDIT......CONSEQUENTLY, IT IS GETTING IMPOSSIBLE TO SERVICE DEBT BUT FOR BANKERS AND GOVERNMENT CHOOSING TO EXTEND CREDIT TO WHOMEVER AND WHOEVER THEY PLEASE.....

THIS IS A VERY DANGEROUS SITUATION FOR THE REPUBLIC AS THIS GENERATION FIGURES OUT WHAT IS GOING ON.......

WE ARE APPROACHING A CIVIL WAR BETWEEN GENERATION DEBT WHO WANTS TO MAINTAIN A LIFESTYLE THEY CAN'T AFFORD AND THE DIGITAL GENERATION WHO ARE THE FUTURE OF THIS NATION AND ARE BROKE WITH LITTLE PROSPECT FOR REASONABLE EMPLOYMENT UNDER THE CURRENT SYSTEM.

Most empires have fallen because of internal strife, ours will too. The only question becomes, what happens to the masses? Certainly a thinning of the (sheep) herd and a hard landing for most.

Internationally, watch for a domino effect with a vacuum created in Europe, the mid-east, and Asia.

It will be exciting Sempai, very exciting indeed. It kept me awake last night when I consider the disintegration of the old Soviet Union and how that same sort of thing will happen here. Hawaiian and Puerto Rican independence? The Republic of Texas with New Mexico, Colorado, Utah, and Arizona as tributary states? The People's Republic of California . . . The Gulf States . . . The Grain Belt :-)

My friend, I am hearing everyday from folks overseas. They are laughing at America and preparing for our fire sale.

Some know, some doubt, while the vast majority keeps grazing in the grass . . . silly sheep.